From the presidencies of Harry Truman to that of Jimmy Carter the national debt was paid down in terms of gross domestic product. During Bill Clinton's second term the national debt was paid down in absolute terms.
The national debt only became a problem during the Reagan administration when Reagan said it was possible to cut taxes, raise defense spending, and balance the budget without cutting popular middle class entitlements.
The Republican Party caused the debt crises with their dogma that it is always a good idea to cut taxes and never a good idea to raise them. Now they are using the debt for which they are responsible in an effort to cut or eliminate popular domestic programs they have never liked, but which are popular with the voters.
I dont recall the US debt being downgraded during Reagan's time. In fact I recall Reagan's time as a period of enormous growth, especially after the miserable Jimmy Carter, second worst president in history.
I also don't recall debt being downgraded under Bush. That seems to have happened when Obama was president and the Democrats ran Congress. Obama has spent more money than every other president.
As far as policy, the GOP has put forth various proposals to cut spending. Where are the Democrat proposals? Oh yeah. They dont have any. Their solution is more tax increases now in exchange for talking about spending cuts in the "out" years. Out years are when Obama will be OUT of office. That isn't governance. That's politics as usual.
That is laugh out loud funny. No question Clinton was a scum for signing NAFTA and deregulating speculation, and no question Obama is a fool for what is basically a "supply side" economic policy pumping money in at the top through government. Honest people with real world understanding of economics can sign off on that.
Still, as bad as those two were and are, Republican presidents are directly responsible for today's economic situation. Most hilariously, every nutball vote for Junebug in 2004 led directly to Obama, so one hopes the filthy god damned anti-American scum who re elected the Bush Boy are enjoying the fruits of their vote for the least competent president in US history.
But I digress...
Reagan tripled the debt. His bastard disciple, Junebug Bush, doubled it.
The firms that downgraded US debt rated AIG debt AAA hours before the fall.
People who can't internalize these facts can sit over in the differently-abled section along with the others too stupid to understand the facts.
Next.